'Gaming ban fallout': 2,000 layoffs across big names

Business Sep 16, 2025

India's August 2024 ban on real money gaming has led to nearly 2,000 layoffs at big names like MPL, Zupee, and Games24x7.
Companies have been forced to halt or change their business rapidly as revenue streams dried up.

Total layoffs could reach 5,000-6,000

Experts warn total layoffs could reach 5,000-6,000 as the industry adjusts.
Even senior leaders are exiting as companies wind down operations—about a quarter of staff were let go before the ban even kicked in.

Zupee is pivoting to social games

Gameskraft is likely to lay off most of its 700 employees after October 31. MPL lost half its revenue after the ban and is undergoing layoffs.
Zupee laid off 30% of its staff, set up a ₹1 crore medical fund to help out, and is now pivoting to social games for its massive user base.